Liberty Gold - LGD Stock Forecast, Price & News

Liberty Gold Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada, the United States and Turkey. The company primarily explores for gold, silver, lead, zinc, copper, and other precious and base metals. It principally holds 100% interests in the Goldstrike project, including 749 owned unpatented claims, 99 leased unpatented claims, 633 acres of leased patented claims, 160 acres of leased private land, and 926 acres of leased State covering an area of 7,194 hectares located in Washington County, southwest Utah; and the Black Pine project comprising 622 unpatented lode claims covering 4,845 hectares located in southeastern Idaho. The company also holds an option agreement to acquire a 100% interest in the Baxter Spring Gold project located in central Nevada. The company was formerly known as Pilot Gold Inc. and changed its name to Liberty Gold Corp. in May 2017. Liberty Gold Corp. was incorporated in 2010 and is based in Vancouver, Canada.

Analysts Set New Price Targets

LGD has been the subject of a number of research analyst reports. National Bank Financial reiterated an "outperform spec overweight" rating on shares of Liberty Gold in a research report on Thursday, April 14th. National Bankshares decreased their price objective on Liberty Gold from C$1.80 to C$1.00 and set an "outperform" rating for the company in a report on Thursday, July 21st.

Liberty Gold Stock Down 2.2 %

TSE:LGD opened at C$0.46 on Monday. The firm has a 50-day simple moving average of C$0.54 and a two-hundred day simple moving average of C$0.76. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.12 and a current ratio of 3.68. The firm has a market cap of C$143.83 million and a P/E ratio of -2.95. Liberty Gold has a fifty-two week low of C$0.44 and a fifty-two week high of C$1.30.

Liberty Gold (TSE:LGD - Get Rating) last released its quarterly earnings results on Thursday, May 12th. The company reported C($0.04) EPS for the quarter. Analysts predict that Liberty Gold will post -0.08 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Sean Allan Tetzlaff bought 40,000 shares of the firm's stock in a transaction that occurred on Thursday, May 26th. The shares were acquired at an average cost of C$0.63 per share, for a total transaction of C$25,200.00. Following the acquisition, the director now directly owns 147,000 shares of the company's stock, valued at approximately C$92,610. Insiders have purchased 120,000 shares of company stock worth $66,400 over the last three months.